Rio Tinto Plc (ADR)

Rio Tinto will support Energy Resources of Australia Ltd.'s recently disclosed plans for an Interim Entitlement Offer , which seeks to raise up to A$369 million to address funding requirements for the Ranger Rehabilitation Project in Australia's Northern Territory to the end of Q2 2024. Rio Tinto, which owns 86.3% of ERA's shares, has pre-committed to subscribe for its full entitlements under the terms of the IEO, at a [...]

Rio Tinto has published its 2022 Taxes and Royalties Paid Report, detailing $10.8 billion of global taxes and royalties paid during the year. This compares to $13.3 billion in 2021, during very strong commodity prices, and is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first annual Taxes Paid report, for 2010. In Australia, which is home to almost half of the company's [...]

Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at high altitude in Cajamara, Northern Peru, that has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral [...]

Rio Tinto has appointed Dean Dalla Valle and Susan Lloyd-Hurwitz as non-executive directors. Mr Dalla Valle and Ms Lloyd-Hurwitz, both Australian citizens, will join the Board on 1 June 2023 and will therefore stand for election at the annual general meetings of the company in 2024. Mr Dalla Valle brings four decades of operational and project management experience in the resources and infrastructure sectors, having [...]

The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, today joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometres underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert. This was followed by a ceremony with Oyu Tolgoi employees and leaders, Government of Mongolia representatives, Oyu Tolgoi Board members and local suppliers to mark this [...]

Rio Tinto has priced US$650 million of 10-year fixed rate SEC-registered debt securities and US$1.1 billion of 30-year fixed rate SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance plc and will be fully and unconditionally guaranteed by Rio Tinto Plc and Rio Tinto Ltd.. The 10-year notes will pay a coupon of 5.000 per cent and will mature March 9, 2033 and the 30-year notes will pay a coupon of [...]

Rio Tinto has today resolved a previously self-disclosed investigation by the U.S. Securities and Exchange Commission into certain contractual payments made to a former consultant over a decade ago in 2011, relating to the Simandou project in the Republic of Guinea. Without admitting to or denying the SEC's findings, Rio Tinto has agreed to pay a $15 million civil penalty for violations of the books and records and [...]

Rio Tinto has commenced a recruitment campaign for University graduates from Australia and New Zealand, as it seeks to attract the best and brightest minds across a range of disciplines, including engineering, data science, advanced technology, business and geology. Commencing in early 2024, successful applicants will participate in an award-winning two-year Graduate Development Program designed to prepare graduates to [...]

Rio Tinto Chief Executive Jakob Stausholm said: "We are building a stronger Rio Tinto and delivering against our four objectives. Our operational performance has improved, as evidenced by a number of second half records being set at our Pilbara iron ore mine and rail system. We are also investing for the future, doubling our stake in the Oyu Tolgoi copper-gold project in Mongolia through the acquisition of Turquoise Hill [...]

Gone are the days when premium car buyers simply looked for speed, style, and luxury. Today, there's increasing interest in the origin, sustainability and emissions profile of the materials used to build their cars. The new mantra for the high-end auto industry is "green is the new black." From the leather used for upholstery to the metals used for engine parts, premium car buyers are increasingly demanding vehicles made [...]